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Nelnet Payment Services

by Nelnet
No reviews yet
Active1+ countriesCloud
Quick facts
VendorNelnet
Year launchedN/A
StatusActive
LocationLincoln, USA
Countries served1+
Languages12
Integrations12+
Free tierNO
Free trialNO
Contact salesYES
Last reviewed: Jun 2026

About Nelnet Payment Services

A secure payment gateway and processing platform for businesses, nonprofits, and educational institutions. It supports credit card and ACH transactions, recurring billing, and developer-friendly API integrations for custom payment workflows.

Nelnet Payment Services (formerly PaymentSpring) is a robust payment processing platform designed for businesses, nonprofits, and educational institutions. It provides a comprehensive suite of tools, including a secure payment gateway, recurring billing, and ACH processing, all backed by PCI Level 1 compliance. The platform is particularly well-suited for developers, offering a REST API, hosted tokenization iframes, and a sandbox environment for testing integrations. While it serves a wide range of organizations, its roots in the education and nonprofit sectors are evident in its specialized tuition management and donation-processing capabilities. Merchants can manage transactions through a centralized dashboard, which provides real-time reporting and reconciliation tools. Support is provided through phone and email, with a focus on tenured expert consultation. Buyers should note that while the platform is highly flexible for custom builds, it is primarily a payment engine rather than a full-featured accounting suite, making it an ideal choice for those needing to integrate secure payments into existing software or websites.

Pros & Cons

Pros
  • Provides a developer-friendly REST API and sandbox environment for custom integrations.
  • Supports a wide range of payment methods including credit cards, ACH, and digital wallets.
  • Maintains high security standards with PCI Level 1 compliance and tokenization.
  • Offers specialized features for nonprofits and educational institutions like tuition management.
  • Includes automated account updating to reduce payment failures for recurring billing.
Cons
  • Pricing details are not publicly listed and require contact with sales for custom quotes.
  • Does not offer a native, self-service free tier for immediate sign-up.
  • Advanced reporting and customization may require developer resources for full implementation.

Features

Key features

Payment Gateway

Provides a secure REST API and hosted checkout widgets for integrating payment processing into websites and applications.

Recurring Billing

Enables automated, set-it-and-forget-it payment schedules for subscription-based business models.

ACH Processing

Supports direct bank-to-bank transfers for secure and cost-effective payment collection.

Mobile Payments

Offers mobile card readers compatible with iOS and Android for in-person transactions.

Security Compliance

Maintains PCI Level 1 compliance and NACHA certification with tokenization and encryption for data protection.

Additional features

Virtual Terminal

Allows merchants to initiate payments or donations from a central gateway dashboard.

Account Updater

Automatically updates stored card information to prevent payment interruptions.

Real-Time Reporting

Provides detailed transaction history, batch settlement details, and revenue analytics.

Customizable Checkout

Offers hosted tokenization iframes and checkout widgets for branded payment experiences.

Developer Sandbox

Includes a dedicated testing environment for developers to build and validate integrations.

Multi-Channel Support

Facilitates payments across online, mobile, and in-person channels.

Fraud Analytics

Applies automated fraud detection and CAPTCHA protections to secure transactions.

Revenue Sharing

Provides options for technology partners to monetize payment processing through revenue-sharing models.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
12
Interface languages
8
Billing currencies

Available in

North America.

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchRussianChineseJapaneseKoreanArabic

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇭🇰HKD

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